Economic experts warn against net neutrality rule in Verizon-funded study
Economists, law professors and industry consultants told the Federal Communications Commission on Monday they don’t like the idea of a new net neutrality rule. In comments filed with the agency, 21 economic professors from universities such as George Mason University, Carnegie Mellon University and the University of Pennsylvania said that new rules would curb investment, dampen the prospects for innovative new technologies and reduce competition.
The lead writer of the comments, George Mason law professor Jeffrey Eisenach, was paid by Verizon Communications to write the report (in the first footnote). He said the company didn’t dictate the content of the report but funded the study; Verizon didn’t immediately respond to a request to comment about it.
Eisenach said none of the other co-signatories – such as Dave Farber of Carnegie Mellon, Gerald Faulhaber of the Wharton School at Penn, and Robert Hahn of Oxford University – were compensated as co-signatories.
“If you read the document, it’s a very detailed and substantive analysis of the major issues in the proceeding,” Eisenach said. “Verizon was completely hands-off from the get-go.”
In its analysis, the group came to the conclusion that:
(1) there is no evidence of significant market failures or harmful conduct;
(2) the proposed rules would outlaw practices that generally benefit consumers and competition;
(3) harmful conduct can be addressed under existing laws and regulations.
The FCC extended to April 26 its deadline for the public to weigh in on the controversial net neutrality proceeding at the agency. A new rule was cast into doubt after a federal court decision that the FCC didn’t have the authority to rule against Comcast on a violation of open Internet guidelines in 2005.
April 12, 2010; 3:00 PM ET
Save & Share: Previous: Where's Google on net neutrality, FCC role?
Next: Another letter against net neutrality: organized by telecom PR group
Posted by: LBrettGlass | April 12, 2010 3:41 PM | Report abuse
Posted by: AmyBandini | April 12, 2010 3:48 PM | Report abuse
Posted by: LBrettGlass | April 12, 2010 11:55 PM | Report abuse
Posted by: GhostOfEdsgerDijkstra | April 13, 2010 12:55 AM | Report abuse
Posted by: moonwatcher2001 | April 13, 2010 9:29 AM | Report abuse
The comments to this entry are closed.